Thyssenkrupp, a prominent multinational conglomerate, has established itself as a key player in various industrial sectors. Originating in Germany, it is a result of the merger between Thyssen AG and Krupp in 1999, bringing together two of Germany’s oldest and most significant industrial companies.
Tag: Thyssenkrupp
SS outlook strong
Germany-based steel company ThyssenKrupp, while delivering the financial results, has given an upbeat assessment of the outlook for the stainless steel sector in its full year.
SS surcharge increase
Yieh has reported that European stainless steel makers have again raised their alloy surcharges for stainless steel for November 2006 deliveries.
Arcelor Mittal to sell Dofasco
Arcelor Mittal supervisory board head Mr LN Mittal told the Financial Times that he hopes to find a way to sell Canadian steel company Dofasco to ThyssenKrupp AG by the end of this year.
Possible SS oversupply
According to Meps, ThyssenKrupp’s (TK) recently announced project to build a new stainless steel plant in the US has caused quite some stirrings.
Merger stops Dofasco going to ThyssenKrupp
Arcelor's plan to purchase Severstal would keep ThyssenKrupp from buying one of Arcelor's units Canadian Dofasco Inc. as planned by Mittal Steel and leave it with only smaller targets for an acquisition as the steel industry consolidates.
Schulz stands firm on Dofasco contract with Mittal
Reuters has reported that ThyssenKrupp's CEO Mr Ekkehard Schulz said on 20 May 2006 that Mittal Steel is contractually obliged to offer German steelmaker ThyssenKrupp an alternative to Canada's Dofasco.
US Antitrust clearance for Arcelor bid
Mittal Steel Co. NV has announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Mittal’s bid to acquire Arcelor expired at 11:59 pm on 11 May 2006.
EU SS companies profits drop
According to Meps, the financial results reported by the main EU stainless steel companies for the latter part of 2005 were dreadful.
ThyssenKrupp quits Dofasco bidding race
ThyssenKrupp AG has decided not to submit a higher offer to purchase Dofasco Inc.
Arcelor raises Dofasco bid to CAD 71 per share
Dofasco has received an unsolicited proposal from Arcelor SA to amend Arcelor’s CAD 63 offer of 30 December 2005, to acquire all of Dofasco’s outstanding common shares at an increased offer price of CAD 71 per common share.